This bill aims to amend the Code of West Virginia by adding two new sections that classify forestry equipment as Class I property and recognize forestry as an essential component of the state's agricultural economy. Specifically, it introduces section 11-8-5a, which defines forestry equipment and includes items such as skidders, feller-bunchers, and trailers used in forestry operations. The bill emphasizes the importance of forestry in the state's economy and establishes that forestry equipment will be treated similarly to agricultural equipment for property tax purposes.

Additionally, the bill introduces section 11-15-8e, which exempts the sale of forestry equipment from the consumers sales and service tax, effective July 1, 2026. This exemption is intended to provide tax benefits to forestry businesses, further supporting the industry. Overall, the bill seeks to enhance the economic viability of forestry in West Virginia by providing favorable tax classifications and exemptions.

Statutes affected:
Introduced Version: 11-8-5a, 11-15-8e